Exit / M&A
Tesserent hires ex-Telstra talent to supercharge growth
Tesserent appoints ex-Telstra sales executive James Ormesher as chief growth officer, shortly after Thales completed its $176 million takeover of the cybersecurity firm.
Startup · $10m raised
Tesserent
Funding history
-
Unnamed stage : $10,000,000
Investors
Every investor coverage indicates participated in a round Tesserent raised.
Disclosed deals
Every published round Tesserent took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Portfolio
Companies Tesserent has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Funds
Fund closes reported for Tesserent, as distinct from the investments it has made.
Portfolio companies acquired
Companies Tesserent has backed that another company then bought. An exit for the holding, not a deal Tesserent did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Tesserent is recorded as having been acquired. | ||||
Who bought Tesserent
The transaction that ended Tesserent's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Thales | Acquisition | 25 Jul 2023 | $176m | ARN (ARNnet), TechCrunch Venture |
What Tesserent bought
Companies Tesserent acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Seer | Acquisition | 23 Jul 2020 | $5m | ARN (ARNnet) (Wed 26 Aug 2020), ARN (ARNnet) (Thu 23 Jul 2020) |
| North Security | Acquisition | Dec 2019 | - | ARN (ARNnet) (Wed 26 Aug 2020), ARN (ARNnet) (Thu 23 Jul 2020) |
People
| Name | Role | Sources |
|---|---|---|
| James Ormesher | Chief Growth Officer | ARN (ARNnet) |
| Julian Challingsworth | co-CEO | ARN (ARNnet) (Wed 5 May 2021), ARN (ARNnet) (Thu 23 Jul 2020) |
| Kurt Hansen | CEO | ARN (ARNnet) (Mon 9 Oct 2023), ARN (ARNnet) (Wed 13 Sep 2023) |
Coverage
Stories naming Tesserent. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Exit / M&A
Tesserent boosts Academy arm with ex-training CEO Andrew Shea
Tesserent appoints Andrew Shea, long-time head of a construction training provider, to lead its Academy training division, and recalls the division's $5.8 million January purchase of ALC Group.
Exit / M&A
Series A
$10m
6clicks accelerates channel expansion with $10M raise and Synnex deal
Melbourne GRC software vendor 6clicks has closed a $10 million Series A led by Centerstone Capital, signed Synnex as its first global distributor, and the article recalls its 2019 acquisition of TrustyGate's assets.
2 deals
Tesserent invests in cyber security startups TrustGrid and AttackBound
Tesserent's innovation arm has taken 25 per cent stakes in security startups TrustGrid and AttackBound, funded by cash and shares, and will distribute their products; TrustGrid also hired a new engineering head.
Unnamed stage
$10m
Tesserent acquires F5 Networks partner Airloom
Security firm Tesserent has bought Sydney cybersecurity provider Airloom for $14.8 million, gaining staff and contracts, after recently acquiring Seer and securing $10 million for its Cyber 360 strategy.
Unnamed stage
$10m
Tesserent acquires security player Seer for $5M
Cyber security firm Tesserent has bought Seer for $5 million to gain government clients, days after securing $10 million for its Cyber-360 strategy and signing a teaming agreement with McArthur Associates.
Also ARN (ARNnet)